Buyer’s premium is much better than a seller’s commission. Buyers don’t want to be losers. That is psychology 101, Maslow’s Hierarchy of Human Needs. Even disciplined buyers lose the effect of the buyer’s premium near the end of bidding at an auction, as the tempo...
I enjoy treasure hunting. As a kid I went through a phase where my favorite toy was a Radio Shack metal detector. When I learned how to scuba dive in college my mind was always on the lost ship full of gold or silver at the bottom of the lake or ocean. Today, as an...
I recently attended a large sealed-bid sale in Minneapolis featuring equipment from 3M. The sale included an assortment of custom late-model manufacturing equipment. My goal was to purchase machinery for my personal resale. I spent five hours reviewing the equipment...
